Global General Crop Farming Market - 2023-2030

Global General Crop Farming Market - 2023-2030

Market Overview

The cultivation of crops for human consumption, animal feed, or other commercial uses is called general crop farming. Food crop farming, feed crop farming, fiber crop farming, oil crop farming, and other sorts are examples of general crop farming. Some crops such as sugar beets cultivated from seed and planted in soils ranging from sandy loam to heavy clay. Deep plowing is used to prepare the seedbed after harvesting the previous crop. Organic general-crop farming, farming, and conventional farming are the farming processes. Food and beverages, as well as feed, were among the uses.

Due to the increasing health consciousness among individuals, there is a rise in the demand for organic food items. As a result, farmers across the country are adopting organic farming, creating a favorable market outlook. Furthermore, the government of India is undertaking several initiatives to improve the existing farming infrastructure. It also offers financial assistance to farmers to market and transport farm produce to boost exports. These initiatives are projected to impel the growth of the market.

The global general crop farming market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 9.24% during the forecast period (2023-2030).

Market DynamicsHigh demand for food crops with the rising population drives the market

The general crop farming factor is highly diversified and market-oriented. The major global crops are grains and cereals such as rice, wheat, barley, and soybeans. According to FAOSTAT, the area under grains and cereals production was 2,660.4 thousand hectares in 2017, which increased by 13.1% and reached 3,062.8 thousand hectares in 2020. In 2020, the farm income of global farmers increased by 4.3%, and the prices that farmers paid for agricultural inputs increased by 5%. This decline in farm income may prevent farmers from using various modern agricultural technologies, affecting general crop farming. Furthermore, the increase in the population global level has fueled the demand for cereals. Maize is the staple food globally, consumed in its direct form, and is used for products such as sweeteners, bread, and cornmeal. Wheat is another major staple food that is mostly imported because it is more economical to import than produce domestically. The major fruits consumed globally are apples, pears, litchis, mangoes, plums, peaches, apricots, grapefruit, pineapples, avocados, and lemons.

Globally, increasing demand for products derived from fruits, such as fruit juices and jams, drives the market. Also, more than 1.5 million metric tons of grapes are used yearly globally renowned wine industry. These factors, in the forecast period, are expected to become a driver for the general crop farming market.

However, fluctuations in the production rate are gradually eroding market demand. Rapid urbanization is another issue impeding the general crop farming market's growth pace. Unfavorable government requirements for sanctioning new products are gradually eroding the general crop farming market.

Market Segmentation: The organic farming segment accounted for the highest global general crop farming market share

Due to the increasing health consciousness among individuals, there is a rise in the demand for organic food items. As a result, farmers across the country are adopting organic farming, creating a favorable market outlook. Furthermore, the government of India is undertaking several initiatives to improve the existing farming infrastructure. It also offers financial assistance to farmers to market and transport farm produce to boost exports. These initiatives projecting to impel the growth of the organic farming segment in the global general crop farming market. The organic general crop farming segment is expected to hold a higher market share over the forecast period due to the increasing demand for organic food as consumers recognize the health benefits of organic food. The use of chemicals, pesticides, and fertilizers and their proliferation into the food chain due to conventional farming practices have become a cause for concern worldwide, which has expected to drive the organic farming segment in the global general crop farming market. According to Quick Estimates, the exports of fresh fruits and vegetables registered a 6.1% growth in US dollars. At the same time, shipments of processed food products like cereals, preparations, and miscellaneous processed items reported a growth of 41.9%. Fresh fruits and vegetables were exported to US$ 1,013 million in April-August 2020-21, rising to US$ 1,075 million in April-August 2021-22.

Geographical Penetration: Asia Pacific is the dominant region during the forecast period

Asia Pacific is the largest geographic region of the general crop farming market, as this region owns the maximum market share. Moreover, this region supports a massive quantity of working population fit to work in different market segments. Also, this region has the maximum number of prominent market players, resulting in the highest production rates across the globe. Furthermore, in region, having great relations and an excellent network with the rest of the world aids substantially in expanding the market. As an added advantage, the Asia-Pacific region offers a strong and steady source of funding required for proper functioning. The key manufacturers are also establishing their new product lines and launching new products, which have been expected to drive the market. For instance, on September 20, 2020, Sinochem International, a company in the chemical sector in China, inaugurated its new compounding factory in Yangzhou.

Competitive Landscape

Major companies in the general crop farming market include Associated British Foods plc, Sinochem International Corporation, Grupo Amaggi, Batu Kawan Berhad, Syngenta AG, KWS Saat SE, Tata Consumer Products Limited, Yuan Longping High-Tech Agriculture Co. Ltd., Menderes Tekstil Sanayi ve Ticaret AS, and Seed Co. Limited. The key players are focusing on mergers and acquisitions, developments, and collaborations to expand their product lines. For instance, on December 12, 2022, GSP Crop launched the CTPR products ""Helipro"" and ""Ballot,"" which work through injections, contact, ovi-larvicidal, and larvicidal effects on chewing pest insects to benefit farmers in India. Chlorantraniliprole (CTPR) provides effective and long-lasting insect control with its unique mode of action in crops like sugarcane, rice, soybean, pulses, and vegetables by controlling all Lepidoptera and other species.

COVID-19 Impact: Positive impact on the global general crop farming market

Due to COVID-19, many businesses and market sectors were impacted and were forced to face harsh consequences. The general crop farming market is also one of them. The government-imposed lockdowns and strict protocols like social distancing to avoid the deadly virus and keep people safe. In this case, all outdoor activities, which included agricultural practices, were strictly prohibited until conditions changed. Due to this, the production and transportation of different products were severely disrupted. As a result, the respected market faced a substantial loss.

However, as the conditions improved and everything went back to normal, there was an increase in food items across the globe, which stirred the general crop farming market growth. According to the Quick Estimates released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products has witnessed 21.8% growth in terms of US$ during April–August 2021 over the same period of the previous year. The overall export of APEDA products increased from US$ 6,485 million in April-August 2020 to US$ 7,902 million in April-August 2021. This rise in exports has been achieved notwithstanding COVID-19 restrictions. The significant spike in agri-exports is a testimony to the government's commitment to increasing farmers' income by boosting exports of the country's agricultural and processed food products. The huge increase in agricultural and processed food product exports during the first five months of the current fiscal year continues the growth in exports witnessed in the financial year 2020–21. According to WTO's trade map, with the total Agri-exports of US$ 37 billion in 2019, India is ranked 9th in the world.

The global general crop farming market report would provide an access to approximately 53 market data tables, 50 figures and 200 pages